Neuberger Berman, a private investment management firm founded in 1939, plans on entering the exchange-traded fund universe, joining a growing number of asset managers offering active ETFs for the first time.
The $400-billion-plus asset manager has filed with the Securities and Exchange Commission to launch three active ETFs, all targeting future-focused themes that are currently included in the firm's investment strategies.
The three ETFs are the Neuberger Berman Carbon Transition Infrastructure ETF, the Neuberger Berman Disrupters ETF and the Neuberger Berman Next Generation Connected Consumer ETF.
The carbon transition infrastructure ETF will invest in companies with exposure to infrastructure that will be required to reduce greenhouse gas emissions or will enable other companies to do so.
